Park State Bank

Overview / Commentary
2630 West Superior Street
Duluth, MN 55806

Park State Bank is headquartered in Duluth and is the 129th largest bank in the state of Minnesota. It is also the 3,588th largest bank in the nation. It was established in 1916 and as of December of 2018, it had grown to 29 employees at 5 locations. Park State Bank has an A+ health rating.

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Health Grade Components

FDIC Certificate #8851
Year Established1916
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.88%
Return on Equity - YTD15.7%
Annual Interest Income$5.9MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$136.6MM$61.4MM
LoansQ4 2018vs Q4 2017$110.0MM$48.4MM
DepositsQ4 2018vs Q4 2017$115.1MM$52.9MM
Equity CapitalQ4 2018vs Q4 2017$16.6MM$8.0MM
Loan Loss AllowanceQ4 2018vs Q4 2017$354.00K$223.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$377.00K$57.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0

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Park State Bank Locations
Park State Bank2630 West Superior StreetDuluth, MN 55806
Park State Bank - Minneapolis Branch1108 Nicollet MallMinneapolis, MN 55403
Miller Hill Mall Branch1600 Miller Trunk HighwayDuluth, MN 55811
Duluth North Cent Br331 North Central AvenueDuluth, MN 55807
Mt Royal Branch120 Mt Royal Shopping CircleDuluth, MN 55803

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